25.2.2020 Tecnotree announced that MTN Group Selects Tecnotree as the strategic partner for Digital Transformation of their operations across Middle East and Africa
27.2.2020 Tecnotree announced a total of 14,500,000 new shares (the “New Shares”) issued in Tecnotree Corporation’s (the “Company”) share issue to the Company itself without consideration have been registered with the Trade Register on February 27, 2020. Following the registration of the New Shares, the total number of the Company’s shares is 262,128,428 shares, of which 14,500,000 shares in total are held by the Company.
11.3.2020 Tecnotree announced a total 12,500,000 new shares (the “New Shares”) issued in Tecnotree Plc's (the “Company”) has offered against payment to the CEO of the Company have been registered with the Trade Register on March 11, 2020.The subscription price, EUR 125,000, will be recorded in full in the reserve of invested unrestricted equity. The subscribed new shares will carry out full shareholders rights as of the entry into the Trade Register. Following the registration of the New Shares, the total number of the Company’s shares is 274,628,428 shares.
11.3.2020 Tecnotree announced that the Board of Directors of Tecnotree Plc has on February 27th, 2020 decided on a directed share issue, by authorization of the General Meeting of Shareholders on May 15th, 2019 for the purpose of implementation of the incentive and commitment program directed to the key personnel of the Group. In the share issue, Tecnotree Plc has on March 11th, 2020 transferred without consideration a total of 1,740,832 of the company's own shares to the key employees participating in the program in accordance with the terms and conditions of the program. More detailed information about launch the terms and conditions of the program is available in a stock exchange release published on 31 October 2019. Following the transfer, Tecnotree Plc holds a total of 12,759,168 of its own shares.
19.3.2020 Tecnotree announced that Viking Acquisition Corporation has filed a claim before the District Court of Länsi-Uusimaa to nullify certain resolutions of Tecnotree’s board from 2018 and 2019 that approved the previously announced investments of Fitzroy Investments Limited and Luminos Sun Holding Limited into Tecnotree. Viking Acquisition Corporation has also filed a claim for damages against the previous and current board of directors of Tecnotree.
Tecnotree firmly believes that the claims do not hold any merit and will take all necessary measures to contest the claims. Additionally, Tecnotree has received a non-binding offer from Viking Acquisition Corporation for the purchase of Tecnotree’s certain operational assets. The offer has been rejected by Tecnotree’s Board as it is not in line with the strategy of the Company and not in the best interests of Tecnotree or the shareholders of Tecnotree.